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  • Mortgage | Arizona Partners in Housing
    however recently the FBI reports a 300 increase in cases involving distressed homeowner fraud A September 12th 2012 mortgage data report provides a new perspective showing that 10 8 Read full story Comments 0 Impact from foreclosure freeze by admin on 5 50 am in Mortgage The recent freeze on home foreclosures by major banks and mortgage firms nationwide is having a mixed impact on home sales generally It s deterring some prospective home buyers of foreclosed properties who are worried about legal problems related to the freeze but will boost sales of low and medium priced homes analysts say In the wake Read full story Comments 1 374 New rules for appraisers by admin on 3 45 am in Mortgage New rules are finally in place for appraisers at least for those appraising homes that will be financed by mortgages to be purchased by Fannie Mae and Freddie Mac A replacement for the Home Valuation Code of Conduct for appraisers has been in the works for a long time Recently the new Home Valuation Read full story Comments 0 Upcoming Seminar Dates An error has occurred which probably means the feed is down Try again later Article Categories Legal

    Original URL path: http://www.azpih.org/category/mortgage/ (2016-02-16)
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  • New rules for appraisers | Arizona Partners in Housing
    is to ensure appraisers work is conducted autonomously without pressure from lenders and real estate agents to manipulate property valuations Appraisers must be licensed or certified by the state in which the property to be appraised is located A seller is not allowed to obtain or use a second appraisal in connection with a mortgage financing transaction unless there is reason to believe the original appraisal is flawed or tainted Sellers must provide the borrower with a copy of the appraisal report on the subject property at no additional cost and at least three days prior to the closing of the mortgage However the borrower can be required to reimburse the seller for the cost of the appraisal The seller cannot accept any appraisal report completed by an appraiser selected retained or compensated by any other third party including mortgage brokers and real estate agents There must be separation of a seller s sales mortgage production functions and appraisal functions In other words an employee of the seller in sales or mortgage production shall have no involvement in the appraisal Tags Appraisal BPO CMA comps home value Partners in Housing Impact from foreclosure freeze Post Author This post was written

    Original URL path: http://www.azpih.org/2010/09/19/new-rules-for-appraisers/ (2016-02-16)
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  • 7 Most Dangerous Short Sale Myths | Arizona Partners in Housing
    shortfall or pending shortfall and insolvency If you meet these three requirements and believe that you soon may be unable to afford your mortgage act immediately Any delay could limit your options Do not wait until the countdown clock to foreclosure has started and you have even less time left Myth 3 There is Not Enough Time to Negotiate a Short Sale Before My Foreclosure This is a myth that probably hurts homeowners the most Many do not realize that foreclosure is a process and that there is time to make decisions that may result in better outcomes The foreclosing party in most cases a lender can stall a foreclosure up to the final day of the process Today many lenders will stall a foreclosure with as little as a phone call from you explaining that you are trying to sell and almost all lenders will stall a foreclosure with a legitimate contract For real estate professionals who understand foreclosures and short sales there is time available until the foreclosure process is complete Myth 4 Listing My Home as a Short Sale is an Embarrassment It is understandable to have reservations about letting the world know that you owe more on your home than it is worth However according to recent estimates more than one out of eight homeowners in the U S is in the same situation You are to be congratulated for admitting you need help taking action and finding a professional who can work with you toward a solution With recent estimates showing 40 60 of U S sales will be short sales or foreclosures you are not alone Myth 5 Short Sales are Impossible and Never Get Approved This is a complete falsehood Are short sales more difficult to execute Yes Do you as a homeowner need to learn about a new process Yes Are they impossible Absolutely not For example agents with the Certified Distressed Property Expert CDPE Designation receive thousands of short sale approvals on a monthly basis These professionals have undergone extensive training in methods to help homeowners in distress and process short sales While there are no guarantees in any transaction more and more short sales are being approved regularly This is far from an impossible process Myth 6 Banks are Waiting on a Bailout and Not Accepting Short Sales You may have heard this but the reality is that banks and the U S government are trying to do anything they can within reason to avoid foreclosing on properties It is preposterous to believe they would deny a short sale in hopes that some future legislation would pass and pay them for losses Today more banks are aggressively pursuing short sales and working with agents who understand how to process them Freddie Mac recently hosted a national training Webinar for real estate agents where they expressly stated the organizational goal of eliminating distressed assets through modification or short sale Myth 7 Buyers are Not Interested in Short Sale Properties This is

    Original URL path: http://www.azpih.org/2010/02/05/7_most_dangerous_short_sale_myths/ (2016-02-16)
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  • Real Estate Help | Arizona Partners in Housing
    Vacant Read full story Comments 1 865 Alert Distressed Homeowners Short Sale Negotiators must be in compliance with the new MARS Rules by toddcmenard on 11 04 am in Real Estate Help On November 19 2010 the Federal Trade Commission announced a new rule aimed at protecting financially distressed homeowners who use so called mortgage assistance relief services which is known as MARS The new rule is 15 pages long and is supported by more than 160 pages of explanation and history This discussion is not intended to Read full story Comments 1 352 Arizona Economic Forecast 2011 2012 Just Released Read it here by toddcmenard on 4 47 pm in Real Estate Help The University of Arizona Eller College of Management publishes its quarterly economic research data called the Arizona Economy and annually publishes the AZ Economic Forecast Arizona Economy Report January 2011 UofA Arizona Forecast 2011 2012 UofA Economic and Business Research Center Here are some highlights of the reports 1 in 165 Homeowners received Read full story Comments 1 795 Regulators Tell Banks to Modify Second Loans by toddcmenard on 10 26 pm in Real Estate Help Federal regulators on Wednesday told banks to begin modifying second loans which have been significantly delaying loan modifications and foreclosure alternatives such as short sales At a Senate hearing charged with investigating mortgage handling problems FDIC Chairman Sheila Blair said Servicers should be required to take a meaningful write down of any second lien if a first Read full story Comments 1 607 Partners in Housing by toddcmenard on 5 48 am in Real Estate Help Welcome to Partners in Housing We are excited to introduce to you a new community service project called Partners in Housing Founded by Arizona real estate icon Todd C Menard Partners in Housing is

    Original URL path: http://www.azpih.org/category/real-estate-help/ (2016-02-16)
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  • distressed | Arizona Partners in Housing
    involving distressed homeowner fraud A September 12th 2012 mortgage data report provides a new perspective showing that 10 8 Read full story Comments 0 March 12 2011 Housing Seminar by admin on 8 40 pm in Uncategorized City of Chandler Public Library 22 S Delaware St Chandler AZ 85225 Read full story Comments 1 503 Upcoming Seminar Dates An error has occurred which probably means the feed is down Try

    Original URL path: http://www.azpih.org/tag/distressed/ (2016-02-16)
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  • free | Arizona Partners in Housing
    22 S Delaware St Chandler AZ 85225 Read full story Comments 1 503 Upcoming Seminar Dates An error has occurred which probably means the feed is down Try again later Article Categories Legal FAQ s Real Estate FAQ s Lending and Finance FAQ s Escrow and Title FAQ s Insurance FAQ s Credit Restoration FAQ s Article FAQs Archives Article FAQs Archives Select Month October 2012 August 2012 February 2011

    Original URL path: http://www.azpih.org/tag/free/ (2016-02-16)
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  • home | Arizona Partners in Housing
    22 S Delaware St Chandler AZ 85225 Read full story Comments 1 503 Upcoming Seminar Dates An error has occurred which probably means the feed is down Try again later Article Categories Legal FAQ s Real Estate FAQ s Lending and Finance FAQ s Escrow and Title FAQ s Insurance FAQ s Credit Restoration FAQ s Article FAQs Archives Article FAQs Archives Select Month October 2012 August 2012 February 2011

    Original URL path: http://www.azpih.org/tag/home/ (2016-02-16)
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  • sale | Arizona Partners in Housing
    Trade Commission announced a new rule aimed at protecting financially distressed homeowners who use so called mortgage assistance relief services which is known as MARS The new rule is 15 pages long and is supported by more than 160 pages of explanation and history This discussion is not intended to Read full story Comments 1 352 Upcoming Seminar Dates An error has occurred which probably means the feed is down

    Original URL path: http://www.azpih.org/tag/sale/ (2016-02-16)
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